HAlgo RTM MT5 is an expert advisor developed by Forex Robot Easy Team. It is designed to trade based on mean reversion strategies, aiming to identify and capitalize on price movements that deviate from their average values.
- Trades multiple currency pairs simultaneously
- Uses a mean reversion strategy to identify trading opportunities
- Implements stop-loss functionality to manage risk
- Can be customized to suit individual trading preferences
To use HAlgo RTM MT5, follow these steps:
- Download and install the MetaTrader 5 trading platform from your preferred broker.
- Open MetaEditor in MetaTrader 5.
- Create a new Expert Advisor (EA) and copy the code provided into the editor.
- Save the EA with a suitable name and compile it.
- Attach the EA to the desired chart(s) in MetaTrader 5.
- Enable live trading and ensure that the AutoTrading option is enabled.
HAlgo RTM MT5 trades on multiple currency pairs and utilizes the mean reversion strategy. It constantly monitors the price movements of the selected symbols and determines whether they deviate from their mean values. When a deviation is detected, the EA places a buy or sell order accordingly.
The EA also includes a stop-loss functionality to manage risk. It calculates the stop-loss level based on a predetermined percentage of the bid price and adjusts it accordingly for buy and sell orders.
Please note that Forex Robot Easy is not the official developer of HAlgo RTM MT5. This readme file only provides a sample code that can potentially work as described in the official product. To find the official developer and obtain the full version of this product, please refer to the MQL5 website.
For detailed reviews and trading results of HAlgo RTM MT5, please visit https://forexroboteasy.com/forex-robot-review/halgo-rtm-mt5-review-expert-forex-software-for-reversion-to-the-mean/.